Buffett Calls For More Taxes On 'Mega-rich'

Stop coddling the rich. That's the headline of an op-ed piece in Monday's New York Times written by Warren Buffett, one of the richest men in the country.In the piece, Buffett says the wealthiest Americans need to take a larger responsibility in what he calls the "shared sacrifice" of getting the country's economy back on track.He makes the case to raise the tax loopholes for the "mega-rich" saying he paid only 17.4% of his income in taxes last year.Buffett calls on the newly-formed congressional super-committee to raise income taxes on those who make more than a million dollars a year and to raise capital gains on those making more than ten million dollars a year.